Deoleo (OLE) H2 2025 earnings summary

Executive summary

• EBITDA increased by 50% to €50M and net profit reached €20M for FY2025, driven by volume growth, innovation, and the EVOO-lution roadmap.

• Sales volumes rose 11%, with all international business units posting sustained growth, especially in Spain, Italy, North America, and India.

• Leadership highlighted improved governance, operational execution, and the resilience and sustainability of the business model.

• Refinanced €160M in long-term loans, improving financial stability and reducing leverage to 1.7x.

Financial highlights

• Revenue for 2025 was €821M, down from €996.6M in 2024, but gross margin rose 30% to €129M.

• Adjusted EBITDA increased to €49.9M from €33.4M in 2024.

• Net profit for the year was €19.7M, compared to a loss of €54.5M in 2024.

• Operating cash flow improved to €56M, up 72% from 2024.

• Comparable net debt decreased by 26% to €86M.

Outlook and guidance

• 2026 forecasts are positive, with expectations of further earnings growth, continued normalization of raw material markets, and efficiency initiatives to improve unit margins.

• Geographical diversification, strong brand performance, and consumption recovery are expected to drive future growth.